2Q 2021 Quarterly result Within our expectation. The company usually reports lower-than-expected quarterly earnings on the 2nd quarter and this year unfortunately due to supply chain issues and government policy restricting trades. Price target remains at RM1.2
YOCB looks like a potential privatization counter with almost 70% market cap in cash and stable cash generating business with minimum capex requirements.
Makes sense for owners to take it private. Discount to NTA and huge cash hoard in the company. No point to keep it listed if it is trading at such low valuations and they don't use the listed status for M&A's etc.
Fruit cake, Yocb climbed from +-50s during start of covid in mar 2020 till rm1.25 now. What else do you want? Somemore gives you half yearly dividends. How can you brand Yocb a dead stock?
They should spend a bit of time on investor relations and getting some analyst coverage going. This will help rerate the stock price. Why stay listed if there there is hardly any corporate action or investor following? YOCB is getting to a size where it may interest emerging market micro cap funds. Management should start thinking about Minority Shareholders too.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
roger3210
4,478 posts
Posted by roger3210 > 2021-08-27 15:20 | Report Abuse
Knownfact, u r welcome